Reuters - PE Firms on the Hunt for Spanish Deals

Private equity firms are on the hunt for cheap Spanish companies that can give them a springboard into fast-growing Latin America, raising hopes for a pick-up in deals next year as bank-related sales slowly get off the ground, Reuters wrote Friday. Spain's financial crisis has cut the price of its corporates, but also effectively frozen local lending for private equity deals as banks shrink their loan books. While the lack of debt and the gloomy domestic outlook are putting many dealmakers off, others see a golden opportunity to pick up bargains with little competition.

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